CHARITY REGISTRATION NUMBER: 1133596
Rectorial Benefice of Cwmbran Parochial Church Council
Unaudited Financial Statements
31 December 2024
WALTER HUNTER & CO LIMITED
Chartered accountants
Walter Hunter & Co Limited
Chartered Accountants
24 Bridge Street
Newport
South Wales
NP20 4SF

Rectorial Benefice of Cwmbran Parochial Church Council
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial positi'on
Notes to the financial statements
10
The following pages do not form part of the financial statements
Detailed statement of financial activities
23
Notes to the detailed statement of financial activities
26

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended
31 December 2024.
Reference and administrative details
Registered charity name
Rectorial Benefice of Cwmbran Parochial Church Council
Charity registration number 1133596
Principal office
The Rectory
Clomendy Road
Cwmbran
Torfaen
NP44 3LS
The trustees
Ronnie Bumett
Valerie Hazel Evans
Rev Sue Hobbs
Keiron Jason Jones
Rev Elisabeth Kerl
Helen Neat
Rev Karin Pardoe
Rev Nicholas C Pery
Stephen Shand
Therese Smith
Beryl Rhiannon Walding
Milica Ferran
William A Wright
Jonathan A Ke
Brenda Jones
Joe Chesterman
Myfanwy Bowen
Angela O'Brien
John Ferran
Doreen Lynch
Kathryn Orme
Jane Povey
Rev Wendy Tayler
Anthea Wellington
Lisa Blakeman
{Resigned June 2025)
(Resigned December 20251
(Resigned December 2025)
(Resigned June 2025)
(Resigned December 2025)
(Resigned 23 May 2024)
(Resigned 23 May 2024)
{Resigned December 20251
(Resigned December 20251
(Appointed 23 May 2024
Resigned December 2025)
{Appointed 23 May 2024)
(Resigned December 2025)
Helen Hunt
Ken Jacob LLM
Independent examiner
Mr Jonathan Rhodes Bsc BFP FCA
Walter Hunter & Co Limited
Chartered Accountants
24 Bridge Street
Newport
South Wales
NP20 4SF

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report (continuerfl
Year ended 31 December 2024
Structure and governance
The Rectorial Benefice of Cwmbran is a registered charity established exclusively for public benefit. It
comprises seven churches forming the Cwmbran Ministry Area and is part of the Diocese of Monmouth
within the Anglican Province of the Church in Wales. The churches include..
All Saints, Llanfrechfa
Holy Trinity, Pontnewydd
St Gabriel, Cwmbran
St Mary, Croesyceiliog
St Michael and All Angels. Llantamam
St Peter, Henllys
The Worship Centre, Henllys
The Representative Body of the Church in Wales holds the land and propety ofthe Church in Wales. It
is an exempt charity established under Section 13(2) of the Welsh Church Act 1914. Acting on behalf of
the Province, it administers clergy stipends and manages the Church in Wales Gift Aid scheme.
The Ministry Area Council serves as the charity trustees for the entire Ministy Area. In accordance with
the Church in Wales Constitution, it undertakes all fijnctions typically associated with the Parochial
Church Council (PCC) and Deanery Synod. The Council is not a corporate body- its composition,
procedures, and powers are governed by the Constitution of the Church in Wales.
The Ministry Team consists of the Ministry Area Leader, stipendiary Team Vicars, non-
stipendiary priests. and three Licensed Lay Ministers. The Ministry Area contributes to the training,
housing, and stipends of this team through the Ministry Share.
In line with the Constitution, the Rector serves as the ex-officio Chair of the Ministy Area Council,
supported by an elected Lay CcFChair. Current officers include=
Treasurer= Mr John Ferran
Acting Secretary.. The Reverend Elizabeth Kerl
Wardens.. Mr Stephen Shand and Mr Kieran Johns

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report (continuerfl
Year ended 31 December 2024
Summary
The Ministry Share remains the most significant financial commitment ofthe charity. Its primary purpose
is to meet obligations related to stipendiary dergy. including housing costs. maintenance, and stipends.
It also funds training for clergy and Licensed Lay Ministers and ensures compliance with statutory
training requirements. The Ministry Area is responsible for allocating this share across its churches.,
however, a finalized methodology for distribution has yet to be estsblished.
The financial position continues to be affected by rising living costs, increased Lrtility bills, and higher
clergy expenses. In summer 2024. we welcomed Marwn Nixon as a stipendiary curate following her
ordination as Deacon at Newport Cathedral. This training post does not impact the Ministry Share but
has resulted in additional clergy expenses.
Objectives. activities and achievements
The charitable purpose of the Rectorial Benefice is to promote the full mission of the Churclmastoral,
evangelistic, social, and ecumenicawwithin the parish.
Key objectives include..
Providing regular worship services. Bible studies, and prayer meetings
Conducting occasional Se￿iceS such as weddings. bapts'sms. and funerals
Offering pastoral care to those in need within the Ministry Area
Promoting the Christian gospel as interpreted by the Anglican tradition
Engaging actively with the community and strengthening civic links
Supporting church schools and. where possible. non-faith schools
Participating in charitable events aligned with Anglican teaching
Maintsining and repairing church buildings and churchyards, many of which are listed and
historically significant
Across our seven churches, we have maintained a consistent rhythm of worship on Sundays and
weekdays. Special services were held for major festivals, including Harvest, Christmas, Easter, and
Remembrance Sunday. wth each church playing a significant role in civic commemorations.
Pastoral care remains central to our mission. with funerals continuing at a high level. This care extends
to maintaining four churchyards and memorial gardens. In 2024, we conducted tree inspections and
undertook necessary works.
Church halls have seen increased usage by both church groups and extemal hires, with local
ommunities ensuring facilities remain well-maintained. Fundraising efforts have been active, though
alternative funding strategies-such as stewardshiwnust be explored to secure long-temi
sustainability.

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report (continuerfl
Year ended 31 December 2024
Objectives, activities and achievements (continu￿)
The Ministry Area supports two Church in Wales primary schools: Henllys School (supported by Rev.
Elizabeth Kudl and Ponthir School (supported by Rev. Wendy Tayler). Clergy also provide outreach to
non-church schools through assemblies and the °Open the Book" initiative.
In 2024, ordinand Matthew Idand joined the Ministry Team as part of his training. He established a
lunchtime Christian group at Croesyceiliog School, attracting 61￿80 students weekly and providing a
safe space for exploring faith. The Ministry Area continues to seek ways to engage spiritually curious
individuals in worshippin9 life.
The ministry area continues to support charitable causes such as=_
Raven House
Local food banks
Mission to Seafarers
Leprosy Mission
Baby and children's clothing to York Police Mission to Sub Saharan Africa.
Di0￿san Mission to the Highveld, South Africa.
Throughout the ministry area. churches are exploring new ways to make connections be￿een the
church and community. This has included=
coffee and chat
wami hubs
chocolate church
social events
food banks
Nativity play and Christmas event in communty hall with local school.
Choir festival
Discipleship within the worshipping communty has been nurtured through prayer meetings, Bible
studies, and small groups. The Ministry Area Council remains committed to fostering positive
relationships between congregations and promoting joint worship and social events.
Risk Management, Review. and Challenges
The Ministry Area Council regularly reviews major risks and implements systems to mitigate them
wherever possible. Key risks include the condition of churches, churchyards, and halls, as well as
financial pressures associated with sustsining activities. Each local church is encouraged to conduct
its own risk assessments, which are periodically reviewed by the Council.
The Ministry Area adheres to the Church in Wales Safeguarding Policy. Each congregation has an
appointed safeguarding officer, and a Ministry Area Safeguarding Officer oversees compliance. All
individuals engaged in regulated activities undergo DBS checks and maintain training in line with
policy requirements. No serious safeguarding incidents occurred in 2024. Several referrals were made
to the diocesan deliverance ministry. which works closely V￿th provincial safeguarding teams.

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report (continuerfl
Year ended 31 December 2024
Main objectives
Risk Management, Review. and Challenges {continuedJ
Fabric
Three of the seven churches-Holy Trinity, St Michael and All Angels. and St Peter-are Grade11
listed buildings. All churches are currendy in good repair. No quinquennial inspections were conducted
in 2024. However, concems remain regarding the west wall of St Gabriel's Church, which suffers from
moisture absorption and significant water ingress where the wall meets the roof. The Diocesan
Advisory Committee (DAC} has visited the site to explore repair options. Other issues de￿ with during
the year include..
Heating system at St Gabriels
Repairs to vandalised window at St Peters
Financial review
A NSI Bond of £15,000 is held by the Benefice.
Total income including tax recovered from HMRC in respect of the unrestricted funds was £211,752
{2023'. £187.131) and restricted funds was £36.147 (2023= £36.324>, a total of £247,899 (2023..
£223,455.
£275,034 {2023'. £282,585) was spent to provide the Christian ministry in the Benefice including the
contribution to the diocesan parish share (that largely provides the stipends and housing for the clergy).
There was a deficit of (£6,172) (2023 surplus £57,117) of income over expenditure including a net gain
on investments.
Reserves policy
The PCC policy is to retain sufficient funds centrally including the bond of £15,000 as a buffer against
unforeseen circumstances or should a church make a late payment in their Share. Thus, in the latter
event, enabling the Share to be paid on time so as to retain the relevant discount.

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report (continuerfl
Year ended 31 December 2024
ststement of responsibilities of the trustees
The charity's trustees are responsible for preparing the trustees annual report and the financial
ststements in accordance with acceptable law and the United Kingdom accounts'ng standards Iunited
Kingdom generally accepted accounting practise].
The law applicable to charities in England and Wales requires the trustees to prepare financial
statements for each financial year that give a true and fair view of the state of affairs of the charity and
of the incoming resources and application of resources of the charity for that period. In preparing these
financial statements, the trustees are required to-
Accounting policies and then apply them consistent￿.
Observe the methods and principles in the charities SORP.
Make judgments and estimates that are reasonable and prudent.
State whether applicable accounting standards have been followed. subject to any material
departures disclosed and explained in the financial statements.
Prepare the financial statements on the ongoing concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with regional Chrissy
at any time the financial position of the charity and enable them to ensure that the financial statements
comply with their duty in section 1715] of the charities act 2011 and have due regard to guidance
published by the Charity Commission. The trustees are also responsible for=
Safeguarding the assets of the charity and hence taking reasonable steps for the prevention
and detection of fraud and other irregularities. and
Vvhere appropriate maintaining the integrity of the financial infomiation included on the
charity's website in line with the United Kingdom legislation.
16 Jan 2026
The trustees annual report was approved on and signed .
trustees by..
.on behalf of the board of
Lay Co-chair
Treasurer

Rectorial Benefice of Cwmbran Parochial Church Council
Independent Examinerfs Report to the Trustees of Rectorial Benefice of
Cwmbran Parochial Church Council
Year ended 31 December 2024
I report to the trustees on my examination of the financial ststements of Rectorial Benefice of Cwmbran
Parochial Church Council ('the charity,) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 20111'the Act,).
I report in respect of my examination of the Trustee's accounts carried out under section 145 of the 2011
Act and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145{5){b) of the 2011 Act.
Independent examinerfs statement
I have completed my examination. I confimi that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the Act, or
the accounts do not accord wth those records, or
the accounts do not comply with the applicable requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a Irue and fair viev/ which is not a matter considered as part
of an independent examinats'on.
I have no concems and have come across no other matters in connection wth the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mr Jonathan Rhodes Bsc BFP FCA
Independent Examiner
Walter Hunter & Co Limited
Chartered Accountants
24 Bridge Street
Newport
South Wales
NP20 4SF

Rectorial Benefice of Cwmbran Parochial Church Council
Statement of Financial Activities
Year ended 31 December 2024
2024
Restricted
fvnds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endovnnents
Donations and legacies
Charitable activities
other fundraising activities
Investment income
Other income
156,307
27,402
24,038
4.005
26,540
182,847
27,402
24,038
13,612
154,243
37,774
18,939
12,499
96,444
9.607
Total income
211,752
36,147
247,899
319,899
Expenditure
Expenditure on charitable activities
Total expenditure
9.10
219,734
55,300
275,034
282,585
219,734
55,300
275,034
282,585
Net gains on investments
20,963
20,963
19,803
Net {expenditure)lin¢ome and net
movement in funds
(7,982)
1,810
16,172
57,117
Reconciliation of funds
Total funds brought forward
Total funds carried forward
116,932
488,099
605.031
547,914
108,950
489,909
598,859
605,031
The ststement of financial actiwties includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
(The notes on pages 10-26 forn] part of these financial statements)

Rectorial Benefice of Cwmbran Parochial Church Council
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Fixed Asset Investments
14
415,508
407,227
Current assets
Current Investments
Cash at bank and in hand
15
15,000
206,868
15,000
217,057
221,868
232,057
Creditors: amounts falling due within one year
Net current assets
16
38,517
34,253
183.351
197,804
Total assets less current liabilities
598,859
605,031
Net assets
598,859
605,031
Funds of the charity
Restricted funds
Unrestricted funds
489.929
108,930
488,099
116,932
Total charity funds
17
598,859
605,031
These financial statements were approved by the board of trustees and authorised for issue
t&llan 202fi............. and are signed on behalf of the board by:
Elizabeth Ke
Trustee
John Ferran
Trustee
(The notes on pages 10-26 forni part olthese financial statements)

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements
Year ended 31 December 2024
General inforniation
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is Rectorial Benefice of Cwmbran PCC, The
Rectory, Clomendy Road, Cwmbran, Torfaen, NP44 3LS.
statement of compliance
These financial statements have been prepared in Complian￿ with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to chartties preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)) and the Charities Act 2011.
Accounting policies
Basis of preparation
The financial ststements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity. The
figures in the financial statements are rounded to the nearest whole pound.
Winding up or dissolution of the charity
There are no material uncertainties about the charity's ability to continue as a going concern. If
upon winding up or dissolution of the charity there remains any assets, after the satisfaction of all
debts and liabilities. the assets represented by the accumulated fund shall be transferred to some
other charitsble body or bodies having similar objects to the charty. Since March 2020 the Covid-
19 pandemic has seriously affected the UK generally. We havetaken all necessary steps to combat
the effects of the virus and to ensure that the charity is able to continue to operate.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such,
advantage has been taken of the following disclosure exemptions available under paragraph 1.12
of FRS102
(a) No cash flow statement has been presented for the charity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
10

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
Accounting policies (continued)
Income tsx
As a registered charity, the charity is exempt from income tax to the extent that its income and
gains are applicable to charitable purposes only. Value added tax is not recoverable by the charity
and is therefore included in the relevant costs in the Statement of Financial Activities.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted fvnds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure as declared by the donor or
through the terms of an appeal.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the
charity, it is probable that the economic benefits associated wth the transaction will flow to the
charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure it reliabty, in which case the value is derived from the cost to the
donor or the estimated resale value.
Donated facilities and services are recognised in the accounts when received if the value
can be reliably measured. No amounts are included for the contribution of general
volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted fvnds unless there is a contractual
requirement for it to be spent on a particular purpose and returned rf unspent, in which case
it may be regarded as restricted.
Recognition of Liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles.

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the ststement of financial
activities to which it relates=
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charrtable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All Gosts are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated diredy to that activity- Shared costs are apportioned
be￿een the activities they contribute to on a reasonable. justifiable and consistent basis.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Planned giving
Loose collections
Gift Aid
Missionlworld Church Contributions
Donations
58,577
23,931
22,950
294
20,316
58,577
23,931
22,950
294
20,316
Legacies
26,455
3,500
29,955
Grants
3,784
23,040
26,824
156,307
26,540
182,847
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Planned giving
Loose collections
Gift Aid
Missionlworld Church Contributions
Donations
54,324
32,117
21,905
341
11,755
120
54,444
32,117
21,905
341
13,186
1,431
Legacies
2,530
2,530
Grants
9,104
20.616
29,720
132,076
22.167
154,243
12

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
St Gabriels service fees
St Michaels service fees
St Marys service fees
St Peters service fees
Holy Trinity seNice fees
All Saints service fees
St Gabriels hall rental
St Michaels hall hire
st Marys hall hire
1,591
2,154
794
881
8,917
1,678
4,364
7,023
1,591
2,154
794
881
8,917
1,678
4,364
7,023
27,402
27,402
Unrestricted
Funds
Restricted Total Funds
Funds
2023
St Gabriels service fees
st Michaels service fees
St Marys service fees
St Peters service fees
Holy Trinity service fees
All Saints service fees
St Gabriels hall rental
St Michaels hall hire
St Marys hall hire
1,945
3,808
1,604
2,314
4,083
4,058
4,292
7,383
5,680
1,945
3,808
1,604
2,314
6,514
4,234
4,292
7,383
5,680
2.431
176
35,167
2.607
37,774
13

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
Other fundraising activities
Unrestricted
Funds
Restricted Totsl Funds
Funds
2024
st Gabriels fundraising income
St Michaels fundraising income
St Marys fundraising income
St Peters fundraising income
Worship Centre fundraising income
Holy Trinity fundraising income
I Saints fundraising income
4,394
2,788
8,939
87
125
6,740
965
4,394
2,788
8,939
87
125
6,740
965
24,038
24,038
Unrestricted
Funds
Restricted Total Funds
Funds
2023
St Gabriels fundraising income
St Michaels fundraising income
St Marys fundraising income
St Peters fundraising income
Worship Centre fundraising income
Holy Trinity fundraising income
All Saints fundraising income
4,505
2,636
1,223
109
110
1,069
6,983
4,505
2,636
1,423
109
110
3,173
6,983
200
2,104
16,635
2,304
18,939
14

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
Investment income
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Other bank interest
st Gabriels interest
St Michaels interest
St Marys interest
St Peters interest
Worship Centre interest
All Saints interest
Benefice investment income
St Peters investment income
All Saints investment income
566
566
148
2.517
13
56
47
806
2,517
13
56
47
1,388
8,723
151
582
8,723
151
4,005
9,607
13,612
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Other bank interest
St Gabriels interest
St Michaels interest
St Marys interest
St Peters interest
Worship Centre interest
All Saints interest
Benefice investment income
St Peters investment income
All Saints investment income
454
454
124
2,200
124
2,200
53
53
502
502
8,269
373
513
8,269
373
480
33
3.253
9,246
12,499
15

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
other income
Unrestn'cted
Funds
Restricted Total Funds
Funds
2024
All Saints transfer of assets
Unrestricted
Funds
Restricted Total Funds
Funds
2023
I Saints transfer of assets
67,803
28,641
96,444
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Grant & Other Financial Support
Church Property
Parish Activities
Other Resources Expended
Support costs
693
64,022
20,054
1,390
133,575
21,755
32.385
1,160
22,448
96,407
21,214
1,390
133,575
219,734
55,300
275,034
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Grant & Other Financial Support
Church Property
Parish Activities
Other Resources Expended
Support costs
582
92,374
14,602
3,431
137,843
14,952
18,738
63
15,534
111,112
14,665
3,431
137,843
248,832
33.753
282,585
10. Expenditure on charitable activities by activity type
Activities
undertaken Grant funding
directly of activities Support costs
Total funds
2024
Total fund
2023
Grant & Other Financial
Support
Support for Ministry
Church Property
Parish Activities
Other Resources
Expended
Governance costs
889
21,559
22,448
128.775
96,407
21,214
15,534
133,272
111,112
14,665
128,775
96,407
21.214
1.390
1,390
4,800
3,431
4,571
4,800
119,900
21,559
133,575
275,034
282,585
16

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (c¢pn•nued)
Year ended 31 December 2024
11. Analysis of support costs
Anaty51s of
5UPPOrt
IAbrship Holy Trinity costs activity
Centre
Church
8 Total 2024 Totsl 2023
St Gabriel's St Mthael's
Church
Church
St Mary's
Church
St Pet*s
Church
General offi
Govern8nTr costs
Ministry supwrt
2,825
686
19,345
2,590
686
32.484
1,041
2.420
2,330
686
5.867
1,871
685
23,155
14.118
4,800
114,657
10,505
4.571
122.767
685
14.479
15.016
4.041
22.856
35.760
16.743
7.147
8.883
16.475
25,711
133.575
137.843
17

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
12. Independent examination fees
2024
2023
Fees payable to the independent examiner for=
Independent examinab'on of the financial statements
4,800
4,571
13. Trustee remuneration and expenses
No remuneration or other beneffts from employment the charity or a related entity were
received by any trustee
No trustee expenses have been incurred
14. Fixed asset investments
Church in
Church in
Wales
Wales
Common
Common
Investment Investment
Fund Shares Fund Reserve
Total
Valuation
At 1 Jan 2024
Additions
Disposals
Fair value movements
385,009
22,218
8,877
(21,559)
407,227
8,877
(21,559)
20,963
20,963
At 31 Dec 2024
405,972
9,536
415,508
Carrying amount
At 31 Dec 2024
405,972
9,536
415,508
At 31 Dec 2023
385,009
22.218
407.227
All investments shown above are held at valuation.

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
14. Fixed asset investments (continuéd)
The Representative Body of the Church in Wales Common Investment Funds are held as a
Chancel Repair Funds (for St. Peterfs church, Henllys and All Saint's church, Llantarnam) and as
a Fabric Fund {for any Church or Churchyard in the Parish of Pontnewydd}. The middle market
value of these shares as at 31st December 2024 was £2.3337 (2023: £2.2125).
All Saint's also hold a legacy investment and a Trust fvnd investment.
Church in Wales Common Inveslment Fund
Holding
St
Peters Central
Chancel
Fabric Fund
Repair Fund
Saint's All
Saint's All
Saint's
Chancel
Legacy
Chancel
Repair Fund
Holding
Repair Fund
2024
236
2024
108,518
2024
7,642
2024
2,893
2024
657
No. of capitsl
shares
Value
£551
£253.248
£17,834
£6.751
£1533
No.
of
accumulation
shares
2,492
49,325
1,326
£5,816
£115,110
£3,094
Value
£296
£32
£107
I&E fvnd cash
2023
236
2023
108,518
2023
7,642
2023
2,893
2023
No. of capitsl
shares
£522
£240,096
£16,908
£6,041
Value
2.601
49.325
accumulation
shares
£5,755
£109,132
Value
£145
£29
I&E fund cash
19

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
15. Current investments
2024
2023
National Savings Bond
15,000
15,000
16. Creditors: amounts falling due within one year
2024
2023
Trade credf(ors
Accruals and deferred income
33,008
5,509
29,682
4,571
38,517
34,253
17. Analysis of charitable funds
Unrestricted funds
Gains and
At
losses 31 Dec 2024
At 1 Jan 2024
Income Expenditure
Central Fund
St Gabriels
St Michaels
St Marys
St Peters
Worship Centre
Holy Trinity
All Saints
8.258
3,442
49,296
10,470
1,839
4.606
3.617
35,404
585
40,160
43,648
20,620
6,035
8,790
36,355
55,559
{4,798)
{46,152)
{49.642}
{27,366)
(8,801)
{8,1971
{37.675)
{37.103}
(219,734)
4,045
(2,5501
43,302
3,724
1927)
5,199
2,297
53,860
108,950
116,932
211.732
Gains and
At
losses 31 Dec 2023
At 1 Jan 2023
Income Expenditure
Central Fund
St Gabriels
St Michaels
St Marys
St Peters
Worship Centre
Holy Trinity
All Saints
10,821
6,859
68,716
9,425
3,754
3.983
7,272
273
35,819
41,996
28,229
6,331
7,884
26,069
108,333
{2,836)
{39,236)
{61.416}
{27,184)
(8,246)
(7,2611
{29,724)
{72.929)
(248,832)
8,258
3,442
49,296
10,470
1,839
4,606
3,617
35,404
110,830
254,934
116,932
The unrestricted funds include designated funds.
20

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conlinued)
Year ended 31 December 2024
17. Analysis of charitable funds (continued)
Restricted funds
Gains and
At
losses 31 Dec 2024
At 1 Jan 2024
Income Expenditure
General Fund
St Gabriels
St Michaels
St Marys
St Peters
Holy Trinity
I Saints
386,271
10,608
24,753
15,616
6,561
13,719
30,571
8,702
148
20
26,540
151
(21.559)
1630)
20,963
394,377
10,156
24,773
9,045
6,712
13,719
31,157
{33,111)
586
488,099
36,147
(55.300)
20,963
489,909
Gains and
At
losses 31 Dec 2023
At 1 Jan 2023
Income Expenditure
General Fund
st Gabriels
St Michaels
St Marys
St Peters
Holy Trinity
All Saints
374,398
10,484
24,753
9,646
6.098
11,705
8,269
124
6.317
10,958
373
9,609
29,315
{14,848)
18,452
386,271
10,608
24,753
15,616
6,561
13,719
30,571
(6,317)
(4,988)
90
(7,595)
{5}
{33.753}
1.261
437,084
64,965
19,803
488,099
Restricted funds include Churth funds held for specific purposes including amounts in Common
Investment Funds.
18. Analysis of net assets between funds
Unrestricted
Funds
Restricted Totsl Funds
Funds
2024
Investments
Current assets
415,508
74,401
415,508
183,351
598,859
108,950
Net assets
108,950
489.909
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Investments
Current assets
407,227
80,872
407,227
197,804
116,932
Net assets
116,932
488,099
605,031
19. Related parties
There are no related paty transactions in the reporting period that require disclosure in the financial
statements.

Rectorial Benefice of Cwmbran Parochial Church Council
Management Information
Year ended 31 December 2024
The following pages do not forni part of the financial statements.
22

Rectorial Benefice of Cwmbran Parochial Church Council
Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Income and endo￿nents
Donations and legacies
St Gabriels planned giving
St Michaels planned giving
St Marys planned giving
St Peters planned giving
Worship Centre planned giving
Holy Trinity planned giving
All Saints planned giving
St Gabriels loose collection
St Michaels loose collection
St Marys loose collection
St Peters loose collection
Worship Centre loose collection
Holy Trinity loose collection
All Saints loose collections
St Gabriels gift aid
St Michaels gfft aid
St Marys gift aid
St Peters gift aid
Worship Centre gift aid
Holy Trinity gift aid
All Saints gift aid
St Gabriels World church contribLrtion
St Michaels World church contribution
St Marys World church contribution
Holy Trinity Wodd church contribution
St Gabriels donations
st Michaels donations
St Marys donations
St Peters donations
Worship Centre donations
Holy Trinity donations
All Saints donations
St Gabriels legacies
St Michaels legacies
St Marys legacies
All Saints legacies
St Gabriels grant
St Michaels grant
St Marys grant
Holy Trinity grant
All Saints grants
9,322
12,557
5,661
660
2,759
8,403
19,215
2,372
5,428
1,347
3,150
4,291
5.477
1,866
2.000
7,434
2,267
641
1,568
3,867
5,173
203
66
25
9,519
14.214
7,806
692
2,706
120
19,387
2,617
5,380
2,578
2,162
3,415
14,048
1,917
4,228
4,281
2,330
601
1.543
3,402
5,520
55
64
22
200
7,071
1,030
2,295
400
110
1,399
881
1,000
1,000
15,914
1,657
1,324
560
460
401
1,000
3,500
25,455
530
587
6,317
15,438
6,675
703
1.044
23,290
2,490
182,847
154.243
23

Rectorial Benefice of Cwmbran Parochial Church Council
Detailed Statement of Financial Activities (continue
Year ended 31 December 2024
Income and endowments (continued)
Charitable activities
St Gabriels service fees
St Michaels service fees
St Marys service fees
St Peters service fees
Holy Trinity service fees
All Saints service fees
St Gabriels hall rental
St Michaels hall hire
St Marys hall hire
1,591
2,154
794
881
8,917
1,678
4,364
7,023
1,945
3,808
1,604
2,314
6,514
4,234
4,292
7,383
5,680
27,402
37,774
Other fundraising activities
St Gabriels fundraising income
St Michaels fundraising income
St Marys fundraising income
St Peters fundraising income
Worship Centre fundraising income
Holy Trinity fundraising income
All Saints fundraising income
4,394
2,788
8,939
87
125
6,740
965
4,505
2,636
1,423
109
110
3,173
6,983
24,038
18,939
Investment income
Other bank interest
St Gabriels interest
St Michaels interest
St Marys interest
St Peters interest
Worship Centre interest
All Saints interest
Benefice investment income
st Peters investment income
All Saints investment income
566
148
2,517
13
56
47
1,388
8,723
454
124
2,200
53
502
8,269
373
513
13,612
12,499
Other income
All Saints transfer of assets
{96,444)
2024
2023
Total income
247,899
319,899
24

Rectorial Benefice of Cwmbran Parochial Church Council
Detailed Statement of Financial Activities (continue
Year ended 31 December 2024
Expenditure
Expenditure on charitable activities
Repairs and maintenance
Other establishment
Maintenance of services
General parish expenses (including governance)
Parish share
Mission costs
Parochial Expenses of Clerics
Cost of fundraising
Ex￿ptIOnal propety expenses
70,447
17.881
15,541
10,473
114,657
889
14,118
1,390
29,638
68,562
35,489
13,725
5,511
122,767
686
10,505
3,431
21,909
275,034
282,585
Total expenditure
275,034
282,585
Net gains on investments
Benefice Fund gainsllosses on investments
St Peters gainsllosses on investment
All Saints gainsllosses on investments
{19,130)
(3301
11,5031
120,963)
(18,452)
(901
(1,261)
(19,803)
Net (exp8nditure)lincome
16,172
57,117
25

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Expenditure on charitable activities
Grant & Other Financial Support
Activities undertaken directly
Mission Costs
889
686
Grant funding activities
Fabric fund paid out to churches for maintenance
Support for Ministry
Support costs
Parish share
Parochial Expenses of Clerics
21,559
14,848
114,657
14,118
122,767
10,505
128,775
133,272
Church Property
Activities undertaken directly
Maintenance of Churches
Maintenance of Other Property
Exceptional Property expenses
48,888
17,881
29,638
53,714
35,489
21,909
96,407
111,112
Parish Activities
Activities undertaken directly
Maintenance of Services
General Parish expenses
10,741
10,473
9,154
5,511
21,214
14,665
Other Resources Expended
Activities undertaken directly
Cost of Fundraising
Governance costs
Govemance costs - accountancy
1,390
3,431
4,800
4,571
Expenditure on charitable activities
275,034
282,585
26